SYLVAN LAKE - Town Council has made it official, visitors to Sylvan Lake will have to pay for parking at Centennial Park and in the downtown area.
Starting next year, visitors will pay $2-per hour or $10-daily to park in those areas. Rates will be in effect from 9 a.m. until 9 p.m. from May 15 to September 15 each year.
The approved rates are higher than the ones first presented to Council in March of $1.50-per hour and $7-daily.
"The rates, a lot of people felt they were a little low if we're trying to generate revenue, and they're certainly not too high that nobody can afford it or that it'll necessarily deter people from staying the day," says Joanne Gaudet, Communications Officer.
Residents will still be able to park all day long at Centennial Park and for up to three hours at a time in the downtown area. Those who live along 50 Avenue will also receive residential parking passes to the Cottage District.
The Town estimates it will repay the $535,000 cost of implementation after six years of operation. Funding for the installation of the entire project comes from the Town's $700,000 2015 operating surplus, $550,000 of which was allocated for this project.
Parking revenue will be used by the Town of Sylvan Lake for the upkeep and maintenance of the downtown and for enhanced enforcement required in the area.
Council will decide at a later date what to do with the remaining $150,000 from last year's surplus.
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